Harbour Plaza Residences – East Tower (Phase 2) – Because One was Not Enough!
Following the smash success of the Harbour Plaza Residences West Tower, Menkes has announced the development of the East Tower slated for completion in May 2017.
Phase 2 will be a 69 storey building located smack dab in the middle of Toronto’s acclaimed financial and entertainment districts. The early announcement of the tower is one of the most hotly-anticipated new condo developments in 2013, following the stunning success of the 65 storey West Tower (Phase 1). This project sold out at Insider release and VIP release, showing a clear strong demand for this condo development. As a result, Menkes is expanding the project with the addition of the East tower much sooner than expected. Only 20 floors are released for Insider Sales for the East Tower, and units are selling out fast!
So what is so compelling about this development?
Simply put, the Harbour Plaza Residences East Tower has all the strong market fundamentals to make it a lucrative and successful investment.
Take the prices for the West tower as an example. Between initial release and the second release, the prices jumped substantially. The Beach Suite entered the market at $201,990 at the beginning of May for the Insider Release, and was valued at $215,990 just a month later for the VIP Agent Release. The prices are expected to climb further for people who have registered on the builder’s site and general public opening. My clients were not only able to take advantage of the Insider Release pricing, but also some other incentives and discounts offered to the Insiders such as myself!
Another factor to consider is the One York building and RBC Waterpark 3 building, both of which are under construction in the same complex. These developments will create thousands of jobs, bolstering the need for rented accommodation in the area. The price per square foot when looking at the Harbour Plaza Toronto at the AAA location compared with similar projects is unbeatable. For about $600PSF, residents in the Harbour Plaza East Tower can enjoy easy access to TTC, the PATH, a central location and nearby amenities and shopping on their front door! You’ll pay more price per square foot for midtown developments, but will not enjoy the same downtown lifestyle. The choice is clear!
We know that prices will rise in the long term, maximizing your return on investment and cash flow potential. So what is driving the demand for these units and consequently causing prices to rise?
The location of these new condos is one of the most desirable in the city. Inspired views of the city skyline and Lake Ontario provide a fantastic backdrop for the first-rate suites and amenities in the Harbour Plaza Residences East Tower. The address at One York Street is one of the most fashionable in the city, just steps from shopping, nightlife and restaurants. The TTC is mere minutes away, and this condo development provides easy access to Union Station, home to GO Transit and Via Rail. The Gardiner Expressway makes getting in and out of the city via car simple, and this too is close to the Harbour Plaza Residences Phase II Tower. For those who like to travel on foot, the PATH system makes pedestrian access a breeze in any season.
When it comes to the building itself, there is a lot to brag about. The development will be home to entertaining facilities such as a BBQ area and party room as well as health amenities such as juice bar, fitness centre and indoor pool all housed in luxury interior design. Suites feature 9 foot ceilings, hardwood flooring, state of the art appliances as well as an 8 foot long kitchen island for added cooking space!
If the West Tower was anything to go by, the Harbour Plaza Residences East Tower is bound to sell out quickly. By working with me, you can save on these and other incredible condominiums for sale in Toronto. Get in touch to see how my Insider pricing can help you snag a phenomenal rental property or primary residence in the heart of this lively city.
Register to gain Insiders Access to this extremely time sensitive ‘Insiders Release’ of Harbour Plaza Residences – East Tower.
For More Information Please Contact:
Sunny Batra, Sales Representative
Re/max West Realty Inc.
Office: 416 745 2300
Cell: 647 898 1665